The new payment method allows customers to pay with their debit card or net banking account, in addition to a credit card as before. Cash payments are still not supported. Customers charge a pre-paid wallet, which is then used to pay for Uber rides. Payments are thus deducted from the wallet, rather than directly from a debit or credit card.
The new system is powered by India-based payment platform Paytm and is effective in the country, although international credit cards can still be used.
The change should now allow Uber to operate in India in accordance with local legislation and rules.
In September 2014, Uber was reportedly in talks with companies providing digital wallets and payment gateways in India as it looks to become compliant with local regulations.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright